Ap macroeconomics Exam: Course Study Guide [ unit I ] What is economics?

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Four Scenarios

[Unit VII]

Phillips Curve

Four Scenarios “Something that…”	1	AD	 PL UE		 inflation  unemployment		a  b, along the curve
	2	AD	 PL UE		 inflation  unemployment		a  c, along the curve
	3	AS	 PL UE		 inflation  unemployment		SRPC₁ SRPC₂
	4	AS	 PL UE		 inflation  unemployment		SRPC₁ SRPC₃

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